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Salient features of the
International Money Transfer Service:
As a
result of the collaboration of
the Department of Posts, Government
of India with the Western Union
Financial Services, USA, a state of the art
International Money transfer Service is
now available through the post
offices in India, which enables
instantaneous remittance of money from
185 countries to India. The recipients can in fact
collect the money in minutes after the
sender has made the remittance.
The
service is targeted to
particularly fulfill the needs of NRI
dependent families in India, visiting
International tourists and foreign students studying in India.
The International Money Transfer process
is as follows: -
1. To avail of
this Service, a remitter goes to any one of the
more than 100,000 Western Union Locations in
the 185 countries in which the Service operates ,
fills up a "To send money" form
and pays principal amount
and charges. The sender gets
a Money Transfer
Control Number on
a receipt
after the transaction is sent through the
system.
Thereafter, the sender calls up his/her payee and gives
information on the money sent. The Payee /
Receiver goes to the post office
, fills up a "To receive
money" form shows valid identification and
receives money along with the receipt, once the
transaction is verified. This entire process is
completed within ten minutes.
2. The Payee receives the
full amount in
Indian Rupees. There is not more than 2500
USD can be sent at a time as per applicable RBI regulations
which must however be only for personal use..
3. The Post offices have been
directed to treat the payee as "Most
Favoured Customers", which ensures courteous and
efficient service to them.
4. For the sake of
facilitating the transactions, the recipients can use any
one of the following documents to establish
their identity:
a) Voter
Card b)
Passport c) Driving
License d) Income Tax PAN Card
5. The
Post office also provides
its own identity card to regular customers so that
other proof of identity does not have to be
provided by them again.
6. The service
is currently available in
all the State/Union Territory capitals and other major
cities in the country and
by the end of March ,
it is proposed to be
expanded to
Head Post offices at the district headquarters.
7. This
International Money Transfer Service is safe, legal, fast &
reliable. Also, it is approved by the
Reserve Bank of India and
is being provided by a
Department of the Government of
India i.e. the Department of
Post.
9. At
present the Post office will
only provide its customers with the facility of receiving
money and not of sending money from India to other
countries, as per applicable RBI instructions.
10. On the
request of the NRI community ,
the department is open to extending the services
to any other location (village/town/city) as well, which
has the potential clientele.
11. For further
information on the service, the International
representatives of the Western Union Financial Services
International can be contacted in any of the 185 countries
from which the service is available.
12. Requests
for extension of the service
to any part ; town / village
/ city in India along with any other
feedback by Indian missions
as well as NRI
bodies can be provided
directly to Project Manager,
International Money Transfer Services ,
Department of Posts, Dak Bhawan, Sansad
Marg , New Delhi PIN
: 110 001, Tel : 91-11-3354842
, Fax: 91-11-3354843.
13.
So far in the first year the post offices
brought in about 10 million dollars to the
country.
List of Post Offices
covered for the Western Union Money Transfer
Scheme
Details about agents at sending
points : MORE AT THE
WESTERN UNION WEBSITE Please visit
http://www.westernunion.com/.
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